Polkadot Surges 8% as Agile Coretime Enhances Network Performance – Is DOT Eyeing its ATH?
Polkadot has launched Agile Coretime, one of the basic pillars of Polkadot 2.0 for predictable costs, scalability, flexibility and easier entry for builders. DOT has gained 10% in the past two days; analysts have pointed to its recent double-bottom and a breakout from a key resistance as bullish signals. In the blockchain ecosystem, Polkadot is [...]
- Polkadot has launched Agile Coretime, one of the basic pillars of Polkadot 2.0 for predictable costs, scalability, flexibility and easier entry for builders.
- DOT has gained 10% in the past two days; analysts have pointed to its recent double-bottom and a breakout from a key resistance as bullish signals.
In the blockchain ecosystem, Polkadot is one of the most revered networks, with its technology setting the standard for security, scale and stability. It’s about to get even better, with the project announcing that Agile Coretime, one of the foundations of its Polkadot 2.0 transition, is now live.
Agile Coretime will offer users increased flexibility, predictable costs and flexibility, while making it easier to build on the Layer 1 network.
It's LIVE
Agile Coretime—one of the foundations of Polkadot 2.0—is here!
That means:
Increased Flexibility & Scalability
— Polkadot (@Polkadot) September 19, 2024
Agile is one of the first steps towards Polkadot 2.0, a new vision for one of the largest blockchain ecosystems in the space. Essentially, Polkadot is expanding from just offering parachains—which are interconnected overlay networks atop the Polkadot L1—to offering units of decentralised computing power, known as coretime, that users can ‘rent’ in smaller portions. This opens up the network to retail developers who now don’t have to bid for an entire parachain.
The project explained:
Coretime makes it easier + more cost-effective for projects of all sizes (including solo devs!) to access the resources they need, when they need them. Larger projects with high demand can leverage Polkadot via Bulk Coretime sales that provide constant computational resources for up to 28 days in advance, while projects with more unpredictable needs can purchase On-Demand Coretime.
One blockchain expert broke it down even better, explaining Agile Coretime as “a scheduling mechanism that ensures the right amount of processing power is available when needed, allowing for efficient blockspace allocation without compromising security.”
Agile Coretime pairs with Elastic Scaling. Combined, the two now allow Polkadot chains to use multiple cores within a single block.
Say hello to huge efficiency gains and wave goodbye bottlenecks during spikes in activity.
As it transitions to Agile Coretime, Polkadot has migrated existing parachain slots to the Coretime Chain. As for the active parachains, once their lease ends, it will convert into a timeslice, allowing the developers to renew at the up-to-date bulk coretime market rate. However, parachains can rest assured that the network will not interrupt their usage until the sale interlude after their lease ends.
Meanwhile, DOT surged 10% since Wednesday, hitting $4.392 earlier today before the momentum fizzled out. At press time, it trades at $4.31, gaining marginally over the past day.
One analyst observed that DOT is shaping up for a breakout after it broke out from the key resistance level of $4.3 to reserve its downtrend. With this resistance breached, the analyst believes DOT could hit $6.5 – $7. However, if the bears take control, the next support is at $4.05.
https://x.com/cryptojack4u/status/1836842066371858688
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